where can i get a loan, im young with bad credit history.. please help?! (UK)?

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glamgirl08

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Im in £1300 debt and reeeally need some help paying it off.
Its an overdraft, credit card & my phone bill that has got me in this state. As i haven't made so many payments on time i have a bad credit history! :(

I would like to apply for a loan to pay off this debt and then start from scratch (but obviously pay back the loan) as i am starting a fulltime job soon. But i have so many deadlines for payments i cant physically keep up even with full time wages.. as i will have no money to live on for rent/travel/food etc.

I've been told that because im only 19 years old and already have bad credit that not many places will give me one.

Does anyone know where i can get one? and reasons why/why not i can get a loan.

Would really appreciate the advice, thanks
 
oh flower, you must be worried sick.
well if i was you i would definitely not go for a loan as you are just throwing even worse credit after bad (i hope that made Sense)
draft up a letter outlining your financial commitments and your income etc., and send a copy to all your creditors, make them an offer of a monthly payment as small as you think is acceptable. they will get back to you and hopefully say ok. this will be a more live-able way of paying it off this way could total £50 a month, a loan could be at least £100 -150 depending on the amount you borrow and its interest.
also (i dont mean to sound as if i am mocking you ) there are people out there with a much larger amount of debt, your amount although sounds huge to you at the mo is manageable
good luck
was that an ok answer?!?!
 
If you already have bad credit and all you want to do is pay off your debt I would advise you to complete budget forms for your credit card and overdraft and ask them to freeze the accounts so that futher payments will decrease the balance. Give your phone - service provider a ring and ask them to aceept payments on a pro rata basis so that you make frequent payments off of what you are behind with and also look around to make sure you are getting the right deal. It is extremely difficult to get more credit and for good reasons - whats the point in getting in more debt when your already struggling?
 
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